Key TakeawaysNetflix is now charging $7.99 rather than $6.99 a month for its cheapest plan.The new price is equal to the least expensive plan available from Comcast's Peacock.Most other major streaming services' plans start at a dollar or two more a month. Netflix now shares the distinction of offering the least-expensive streaming service in the U.S. Netflix's (NFLX) decision to raise rates brings its ad-supported standard plan to $7.99 a month. That matches the cheapest plan available from Comcast’s Peaco ...

Netflix's Subscriber Growth and Market Performance - Netflix shares soared 13% to an all-time high, driven by a record 18 9 million subscriber additions in the holiday quarter [1] - The company's global subscriber base now exceeds 300 million, solidifying its lead in the streaming industry [3] - Netflix's market capitalization was set to increase by over $50 billion, reaching approximately $370 billion [3] Strategic Focus on Sports and Content - Netflix's expansion into live sports, including a boxing match between Jake Paul and Mike Tyson and NFL games on Christmas Day, contributed to its success [4][5] - The Tyson-Paul bout was the most-streamed sporting event ever, driving significant sign-ups [5] - Netflix has secured US broadcast rights for the 2027 and 2031 FIFA Women's World Cups [7] Revenue and Pricing Strategy - Despite strong subscriber growth, revenue only rose 16%, slightly above estimates, due to lower ARPU countries and ad-supported tier sign-ups [8][9] - Netflix announced price hikes in markets including the US, aiming to boost revenue as it shifts focus from subscriber growth to other performance metrics [1][10] Analyst Perspectives - Analysts noted that Netflix's subscriber additions far exceeded expectations, defying industry odds [2] - The company is expected to start bidding for other major sports rights, leveraging its success with special events [6][7]

The streaming pioneer continues to add subscribers at a brisk pace.Shares of Netflix (NFLX 11.16%) charged sharply higher on Wednesday, surging as much as 14.9%. As of 10:58 a.m. ET, the stock was still up 11.1%.The catalyst that propelled the streaming pioneer higher was the company's financial results, which were much better than investors had anticipated.Subscriber growth is soaringFor the fourth quarter, Netflix reported revenue that grew 16% to $10.2 billion. The company also expanded its operating mar ...

Core Insights - Netflix's stock reached an all-time high, nearing $1,000, following a strong earnings report that revealed a record addition of 18.9 million subscribers in Q4, bringing the total to 301.6 million globally [1][2] - The company's strategic moves, including cost-cutting, introducing a lower-priced advertising tier, and implementing paid password sharing, have contributed to its recovery from a previous decline in subscribers [2] - Analysts have raised their price targets for Netflix, with Pivotal Research Group setting it at $1,250, citing opportunities for asset acquisitions and strong average revenue per user (ARPU) [3][4] Financial Performance - Netflix's Q4 earnings exceeded forecasts for both revenue and earnings per share, leading to a significant increase in stock price by over 10% [1] - The company has successfully transitioned from a low point of shares below $180 two and a half years ago to its current high, demonstrating resilience in a competitive streaming market [2] Strategic Outlook - Analysts emphasize the importance of Netflix maintaining its subscriber and ARPU growth, leveraging its size to enhance its competitive position and content quality [4] - Future growth is expected to be driven by initiatives in advertising sales, live content, and video game offerings, which are seen as incremental contributors to sustained growth [5]

Key TakeawaysNetflix executives saw live events, including sports, as among the key reasons for its fourth-quarter results that outperformed expectations.Still, executives say that acquiring "large regular season sports packages" still isn't a priority the company."Our live strategy is all about delivering can't-miss, special event programming," the company says. The folks at Netflix are big sports fans—but don't expect the company to fight to own a league's full-season rights.  Executives at the streaming ...

Netflix (NFLX) reported robust fourth-quarter 2024 results after the closing bell on Tuesday. The world's largest video-streaming company outpaced earnings and revenue estimates and posted the biggest-ever quarterly subscriber gain. Shares of Netflix jumped as much as 15% in after-market hours.See the Zacks Earnings Calendar to stay ahead of market-making news.Investors could tap the opportune moment through ETFs with the largest allocation to this streaming giant. These funds include MicroSectors FANG+ ETN ...

Netflix (NFLX) shares jumped more than 14% in pre-market trading after the company reported fourth-quarter 2024 earnings of $4.27 per share, which beat the Zacks Consensus Estimate by 1.67%. The figure jumped 102.4% from the year-ago quarter.Revenues of $10.24 billion increased 16% year over year and beat the consensus mark by 1.29%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company has maintained healthy engagement levels in the fourth quarter, with about two hours of view ...

In this video, I will go over Netflix's (NFLX 11.79%) fourth-quarter earnings report and explain why the company continues to win the streaming wars. Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Jan. 21, 2025. The video was published on Jan. 22, 2025. ...

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About this content About Phoebe Shields Phoebe is a financial journalist with a focus on human-interest and macro economic content, having covered the resources, biopharmaceutical, tech and blockchain market sectors since 2021.  Phoebe graduated from the University of Wollongong with a double Bachelor of Journalism and International Studies, furnishing her with a wide skillset including but not limited to research, critical analysis, feature-writing, and both social and multimedia content creation.  Afte ...